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We all need pivots to win..yes or not? 13 replies

The System (Irony included) 1,175 replies

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The System II (Yes with irony)

  • #1,081
  • Mar 12, 2009 1:32pm Mar 12, 2009 1:32pm
Quoting feb2865
Time frames. Alright.

The whole idea of a chart is to organize the data in a logical way. Otherwise you'll have a bunch of ticks going up and down. Timeframe is just a way to put a time limit on the data accumulation. Could be a time limit , # of ticks, range, volume etc. The most common is time.

Daily chart - Every bar will open and close at the end of the day

4 hr charts - Every Bar will open and close every 4 hrs.

The list goes on.

Some people say - "You trade on 4hr charts on the direction of the daily chart." I've seen that a lot...
Great post Feb you are awsome, you put it in such simple terms that it is unbelivable at first, but it really is folks, once you commit yourself and do as he just explainded, you become better trader.
I myself, up to two weeks ago used to look at several time frames and bunch of historical indicators before making a trade dicision and it was as exactly as Feb said it lead me to second guessing and confusion and missed opportunity, the simpler the better and becoming the master of one time frame is the way to go.
I have been very successful this week thats including a not a very nice day yesterday, but losing is part of my aganda now too. what matters is my bottomline.
I owe it all to a great teacher like Feb who his generosity and kindeness is well apperciated at my end, we are very luck to have him as a mentor.
Thank you and looking forward to learn more from you.
  • #1,082
  • Mar 12, 2009 1:34pm Mar 12, 2009 1:34pm
Quoting fxachilies
Great post Feb you are awsome, you put it in such simple terms that it is unbelivable at first, but it really is folks, once you commit yourself and do as he just explainded, you become better trader.
I myself, up to two weeks ago used to look at several time frames and bunch of historical indicators before making a trade dicision and it was as exactly as Feb said it lead me to second guessing and confusion and missed opportunity, the simpler the better and becoming the master of one time frame is the way to go.
I have been very successful this...
Thanks!

Always happy to help.
Peace
  • #1,083
  • Mar 12, 2009 7:17pm Mar 12, 2009 7:17pm
Hi FEB,

This is some outstanding informative info for all those lost on what tf to trade. The 5M will give you all you need for getting in, getting it & getting out on these short term trades. We have all tried to make this more difficult than it really is. I trade what I see on the 5M tf & thats it. You are correct once you get use to that tf, its becomes much more than noise. Your post sums it up about as plain & simple as it can be said.

It is really good to see your feeling well & posting full steam ahead. Tks for all your teachings, views & comments as they are most valued by many.

_____________________________
  • #1,084
  • Mar 13, 2009 12:33am Mar 13, 2009 12:33am
Quoting feb2865
Make your life easy!



"If the market closes above/below this level, then I'll be short/long.


My stop-loss will be at (x) level , which is the last swing high/low and my level of risk is acceptable. If not, then I will adjust my load . After x amount of pips, I will trail my stop to B/E(plus the landlord's fee) and I will try to shoot for anything greater than my initial risk"





[left]"If I get stopped/bail out etc, then I'll be looking at the other way (long/short)....
hello Feb,
that answered some of the questions i had in mind. Thank you for the great help
  • #1,085
  • Mar 13, 2009 3:31am Mar 13, 2009 3:31am
hello
nice moves this morning
1. the false Breakout

2. breakout thru the Level (the latest descriped methode from Feb)

3. a retracement after a 51 pips swing (the methode with wich Feb startet the Thread
to me this looks like an example from the book
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  • #1,086
  • Mar 13, 2009 3:36am Mar 13, 2009 3:36am
by the way,
even though i had good trades yesterday i dit not post any charts in here cause with this big CHF action that was not a regular day i think
  • #1,087
  • Mar 13, 2009 4:35am Mar 13, 2009 4:35am
Quoting MJurban
hello
nice moves this morning
1. the false Breakout

2. breakout thru the Level (the latest descriped methode from Feb)

3. a retracement after a 51 pips swing (the methode with wich Feb startet the Thread
to me this looks like an example from the book
Hi MJ,
your right this is a great start i had 3 good trade this morninig two with e/u and one with g/u.
But thats how i traded that false breakout that you mentioned above for 20 pip profit, let me know if i miss read that one eventhough it worked out.

Thanks.
http://www.forexfactory.com/images/attach/gif.gif
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  • #1,088
  • Mar 13, 2009 10:35am Mar 13, 2009 10:35am
Quoting fxachilies
Hi MJ,
your right this is a great start i had 3 good trade this morninig two with e/u and one with g/u.
But thats how i traded that false breakout that you mentioned above for 20 pip profit, let me know if i miss read that one eventhough it worked out.

Thanks.
http://www.forexfactory.com/images/attach/gif.gif
hi,
i dont know if Feb still using and teaching this. We traded this setup when the Thread startet.
Move some 40 Pips its from 0% to 100%
retracement not much farer then 50%
enter when break thru the 100% line

just happend the last minutes look at the chart
Attached Image
  • #1,089
  • Mar 13, 2009 11:30am Mar 13, 2009 11:30am
Hello guys. I decided to start a journal here in FF. I am going to set the details over the weekend and I'll put it up as soon as possible.

I sincerely hope you guys can join in. Thanks a lot for all the support.

Stay tuned.

Good Karma to all of you.
Peace
  • #1,090
  • Mar 13, 2009 3:29pm Mar 13, 2009 3:29pm
Looking forward to your journal
  • #1,091
  • Mar 13, 2009 3:53pm Mar 13, 2009 3:53pm
Feb help i cant post any pics i dont know how but i need you help to get this four sure ??


best regards
  • #1,092
  • Mar 13, 2009 4:07pm Mar 13, 2009 4:07pm
Quoting feb2865
Hello guys. I decided to start a journal here in FF. I am going to set the details over the weekend and I'll put it up as soon as possible.

I sincerely hope you guys can join in. Thanks a lot for all the support.


Stay tuned.

Good Karma to all of you.
Good luck with the journal and trading. i hope we can help you in some way like you will help us. cheers!
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  • #1,093
  • Mar 13, 2009 4:09pm Mar 13, 2009 4:09pm
Quoting jgadefelth
Feb help i cant post any pics i dont know how but i need you help to get this four sure ??


best regards
Hello,

Let me see if I can help you... I am going to assume that you are familiar with MT4 so....

Select the chart you want to attach to a post

Go to file and select "Save as Picture"

Select "Active chart (as is)

Save in a folder in your hard drive

All done...when you are ready to post go down to Manage Attachment...Find the file where you put the picture....download and submit your post...

Hope this helps
Unus pro omnibus, omnes pro uno
  • #1,094
  • Mar 13, 2009 4:52pm Mar 13, 2009 4:52pm
ok thanks lets see if i get it right

thanks it worked now i just need to think out a beeter definitions of my Question to feb
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  • #1,095
  • Mar 14, 2009 8:06am Mar 14, 2009 8:06am
I will follow your journal closly.... thank you.
  • #1,096
  • Mar 15, 2009 10:37am Mar 15, 2009 10:37am
Hi Feb,
I hope your having a great weekend, I know you are working on your journal I look forward to it.
I read somewhere on the thread that there is a chat room for this thread, If it is still active I would like to join, I apperciate if you or someone else could give me the insturction.

Thank you.
  • #1,097
  • Mar 16, 2009 8:06am Mar 16, 2009 8:06am
Quoting fxachilies
Hi Feb,
I hope your having a great weekend, I know you are working on your journal I look forward to it.
I read somewhere on the thread that there is a chat room for this thread, If it is still active I would like to join, I apperciate if you or someone else could give me the insturction.

Thank you.
The tradingroom is not longer working.
Peace
  • #1,098
  • Mar 16, 2009 8:53am Mar 16, 2009 8:53am
Quoting feb2865
The tradingroom is not longer working.
Hi Feb,
Thanks for the reply.
I currently have this trade going on. I had couple of good ones of london session too.
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  • #1,099
  • Mar 16, 2009 9:14am Mar 16, 2009 9:14am
tp just hit.
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  • #1,100
  • Mar 16, 2009 9:17am Mar 16, 2009 9:17am
I have this one also going on on eur/usd
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